Sunday, May 3, 2009

To Joe the Plumbers among us...

...who vote for lower taxes for the rich because some day they expect to be rich themselves: why not buy TWO lottery tickets instead of one? The extra money from the second win will take care of the taxes!

"By international standards, the United States has an unusually low level of intergenerational mobility: our parents’ income is highly predictive of our incomes as adults. Intergenerational mobility in the United States is lower than in France, Germany, Sweden, Canada, Finland, Norway and Denmark. Among high-income countries for which comparable estimates are available, only the United Kingdom had a lower rate of mobility than the United States."

No comments: